WaveTrack International

Elliott Wave Financial Price Forecasting

S&P 500 – still searching for a top

The S&P is already close to original upside at 1564.10 and the substructure of the advance from 1485.01 suggests one higher high which converges with the 1564.10+/- area but could also extend to max. upside at 1579.93. Seen from the larger perspective, the advance from the Nov.’12 low of 1343.35 is seen as the finalising […]Continue reading «S&P 500 – still searching for a top»

S&P 500 – topping process

Really crazy and volatile week! Some good tips from previous two medium-term tops on S&P 500: We maintain our bearish outlook for the next few months. Last week’s advance remained below the 1530.94 high – thus, the S&P has set the stage for a downside acceleration that would confirm a larger downswing is in progress […]Continue reading «S&P 500 – topping process»

S&P 500 – trend is turning down

The sell off from the 1530.94 high has occurred in five waves. Now, a short-term three price-swing rally is expected, followed by a continuation below 1497.29. This would confirm the reversal signature and, thus, the continuation of declines in the next several weeks. Basis a fib. 161.8% extension of the 1530.94-1497.29 sell off, downside support […]Continue reading «S&P 500 – trend is turning down»

S&P 500 January 28 ’13

[No immediate change] The S&P continued higher and is now approaching higher resistance towards 1506.77-1507.29. Basis a comparison with the Dow Jones that is expected to trade a little bit higher, it is possible that this area will be reached, but any reversal from current levels would already confirm the completion of the entire Nov.’12 […]Continue reading «S&P 500 January 28 ’13»

S&P 500 January 23 2013

[No immediate change] The S&P is now approaching original upside targets towards 1494.04 – a reversal from here is expected to confirm the completion of the entire Nov.’12 upswing and initiate declines in the weeks ahead. Failure to reverse from current levels could extend the advance to higher resistance at 1506.77-07.29, but the probability (based […]Continue reading «S&P 500 January 23 2013»

S&P 500

For the time being, the S&P has not reacted from original upside targets at 1475.40. The high so far was recorded at 1473.31, but unless a reversal signature has occurred, we cannot confirm the completion of the entire upswing from the Nov.’12 low of 1343.35. This would initiate declines in the months ahead, with downside […]Continue reading «S&P 500»

S&P 500

The S&P’s break above 1464.02 has promoted this count to ‘preferential’ status. It implies a bit more upside potential towards idealised targets at 1475.40 prior to a reversal and subsequent downswing to 1326.61-16.35 to finalise a larger expanding flat pattern that began from the 18th October high of 1464.02. An acceleration above 1475.40 would trigger […]Continue reading «S&P 500»

S&P 500

The S&P’s break above 1464.02 has promoted this count to ‘preferential’ status. It implies a bit more upside potential towards idealised targets at 1475.40 prior to a reversal and subsequent downswing to 1326.61-16.35 to finalise a larger expanding flat pattern that began from the 18th October high of 1464.02. Acceleration above 1475.40 would trigger even […]Continue reading «S&P 500»

S&P 500

The S&P staged one additional high last week towards 1438.59 but then quickly reversed. This level can be measured by internal fib-price ratios of the advance from 1343.35, as it precisely hit the fib. 38.2% extension of wave ‘A’ of the secondary zig zag from 1385.43. This corroborates the assumption that the S&P might already […]Continue reading «S&P 500»

Although the S&P has been underperforming during the last days when compared with the European Eurostoxx 50, the advance from the recent 1385.43 low is still projected towards ultimate upside at 1451.43 during the next weeks. This is because the 1385.43 advance is interpreted as the finalising leg within a larger three price-swing sequence in […]Continue reading «»

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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